ENVESTNET INC (ENV)
US29404K1060 - Common Stock
We assign a technical rating of 8 out of 10 to ENV. Although ENV is only a medium performer in the overall market, the technical picture looks good in both the medium and short term time frames.
Both the short term and long term trends are positive. This is a very positive sign.
ENV is currently trading in the upper part of its 52 week range. The S&P500 Index is also trading in the upper part of its 52 week range, so ENV is performing more or less in line with the market.
ENV is currently showing a bull flag pattern! A bull flag pattern occurs when prices pull back slightly after a strong rise up. This may be a nice opportunity for an entry.
Considerably lower volume is observed in the last couple of days, which is a good thing during a pullback.
Looking at the yearly performance, ENV did better than 79% of all other stocks. However, this relatively good performance is mostly due to a recent big move.
ENV is an average performer in the Software industry, it outperforms 66% of 276 stocks in the same industry.
ENV has an excellent technical rating and also presents a decent setup pattern. We see reduced volatility while prices have been consolidating in the most recent period. A pullback is taking place, which may present a nice opportunity for an entry. There is a resistance zone just above the current price starting at 62.36. Right above this resistance zone may be a good entry point.
More info and screens
47.80
63.97
When analyzing the support we can see 4 important areas.
- A support zone ranging from 60.36 to 60.60. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @59.19 from a trend line in the daily time frame.
- A support zone ranging from 56.53 to 57.14. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @48.28 from a horizontal line in the daily time frame.
We found 1 important resistance area.
- A resistance zone ranging from 63.34 to 63.34. This zone is formed by a combination of multiple trend lines in multiple time frames.
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS79.2
Mansfield1.17
10 Day High64.97
10 Day Low61.19
20 Day High68.83
20 Day Low55.16
52 Week High68.83
52 Week Low33.12
Performance
1 Week-0.32%
2 Weeks-0.18%
1 Month8.8%
3 Month18.63%
6 Month53.01%
12 Month11.39%
2 Year-6.8%
3 Year-13.73%
5 Year-7.2%
10 Year53.16%
15 YearN/A
Daily CandleStick Patterns
Bullish Engulfing (D)
Bullish Hammer (D)
Bearish Inverted Hammer (D)
Hanging Man (D)
Bullish Harami (D)
Doji (D)
Gravestone Doji (D)
DragonFly Doji (D)
Bearish Engulfing (D)
Bearish Shooting Star (D)
Bearish Harami (D)
Inside Bar (D)
Red Dog Reversal Down (D)
Red Dog Reversal Up (D)
Dark Cloud Cover (D)
Weekly CandleStick Patterns
Bullish Engulfing (W)
Bullish Hammer (W)
Bearish Inverted Hammer (W)
Hanging Man (W)
Bullish Harami (W)
Doji (W)
Gravestone Doji (W)
DragonFly Doji (W)
Bearish Engulfing (W)
Bearish Shooting Star (W)
Bearish Harami (W)
Inside Bar (W)
Dark Cloud Cover (W)
Daily Chart Patterns
Bull Flag
Bear Flag
Ascending Triangle (D)
Descending Triangle (D)
Symmetrical Triangle (D)
Squeeze
Channel (D)
Channel Up (D)
Channel Down (D)
Rising Wedge (D)
Falling Wedge (D)
Double Bottom (D)
Multiple Bottom (D)
Double Top (D)
Multiple Top (D)
Weekly Chart Patterns
Weekly Bull Flag
Weekly Bear Flag
Squeeze Week
Channel (W)
Double Bottom (W)
Multiple Bottom (W)
Double Top (W)
Multiple Top (W)
Technical Indicators
MACD(12,26,9)-0.1
RSI(14)60.98
LBB57.68
UBB65.38
Important!: this is just an example which is fully automatically generated based on the analysis above and should in no way be interpreted as a suggestion. Always make your own analysis and determine your own entry and exit points.
| ENTRY | EXIT | DISTANCE | CAPITAL |
|---|---|---|---|
| 63.35 | 61.18 | 2.17 (3.43%) | 25.00% |
| An entry @63.35. This is a Buy Stop order right above the resistance zone. | An exit @61.18. This is a Stop Loss order right below the 10 day low. | The worst case loss on the trade is limited to 2.17 points, which is 3.43%. | For a 0.86% total portfolio risk, you can invest 25.00% of your capital in this trade. |
- The distance between exit and entry is rather small compared to the average daily movement of ENV. Please evaluate whether better entry and exit points can be found.
- The generated setup is based on the nearest support and resistance areas. If you are looking for a more long term trade, probably a wider stop is advisable.
- This trade setup was generated fully automatically and should not be interpreted as trading advice. Always check the related news for upcoming earnings or other events. Make your own analysis and trade at your own responsibility.
ENVESTNET INC
NYSE:ENV (5/2/2024, 1:27:05 PM)
63.205
+1.11 (+1.8%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorInformation Technology
GICS IndustrySoftware
Performance
% Chg1.8%
1 Week-0.32%
2 Weeks-0.18%
1 Month8.8%
3 Month18.63%
6 Month53.01%
12 Month11.39%
2 Year
3 Year
5 Year
10 Year
15 Year
Volatility
ATR(14)2.86
ATR(20)%4.05%
ATR Inc
Range Today1.15
ADR(20)
ADR(20)%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS
Mansfield
10 Day High64.97
10 Day Low61.19
20 Day High68.83
20 Day Low55.16
52 Week High68.83
52 Week Low33.12
CS1 End
CR1 Start
Volume & EV
DER(3)
DER(5)
Volume130.50K
Volume Incr-50.43%
Vol(5)360.08K
Vol(50)555.05K